Euro / U.S. DollarShort
Possible EURUSD Shorting opportunity
Shorting Reason:
1) Price reached the 1.22050 weekly support area that help strong 5th Feb 18th to 16 April 18 before being broken on the 23th April 18. This could be a new resistance pushing the price down
2) The RSI's on the 4hr,8hr,12hr and daily are showing signs of divergence. RSI on the 1hr and Daily are overbought.
3) Monthly candles are just under the 200 EMA, the 200 EMA could hold once more as resistance and push the price down.
1) Price reached the 1.22050 weekly support area that help strong 5th Feb 18th to 16 April 18 before being broken on the 23th April 18. This could be a new resistance pushing the price down
2) The RSI's on the 4hr,8hr,12hr and daily are showing signs of divergence. RSI on the 1hr and Daily are overbought.
3) Monthly candles are just under the 200 EMA, the 200 EMA could hold once more as resistance and push the price down.
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